Monday, 25 June 2018

What is a pyramid scheme

What is a pyramid scheme - and how to spot a pyramid so that you don't fall victim to some kind of a pyramid selling opportunity. This is a bit of a parody video, but in all seriousness. Listen carefully. This is the bottom line. If you join any home based business, do some research to ensure that what you're joining has a long extensive background. It's a catch 22, in that if they have a long background then they're no longer a ground floor opportunity. That is true, but still, I'd highly recommend you only join MLM companies that are over 10 years old. No acceptations. If they're not aged, then they risk going out of business regardless of if they're a network marketing business or a pyramid scheme. Because it's not it being a pyramid scheme that's the risk. The risk is that 95% of businesses fail within 5 years. Especially in the MLM industry. So keep that in mind. However, again it's a catch 22 in a way in that a new MLM has more opportunity potential because it's not yet saturating the marketplace. By it not yet being popular then, you stand a stronger chance to be able to share the legitimate network marketing opportunity with friends and family. Anyway, that's all I have to say about pyramid selling. And also I should say, there's nothing wrong with MLM or network marketing as long as you've don't your due diligence to help ensure that it's not some kind of a pyramid scheme. Rest assured network marketing is a realistic path for a lot of people trying to start a home based business.

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